Rates

APY = Annual Percentage Yield. Fees may reduce earnings.

Most Valuable Checking with Interest

BalanceAPY*
Up to $10,000.00 when monthly qualifications are met1.25%
Non-qualifying Rate0.05%

Per Monthly Qualification Cycle:


  • Be enrolled & receive e-statement notice
  • Have at least one direct deposit or automatic debit (ACH) transaction post to and settle to your Most Valuable Checking with Interest account each monthly qualification cycle. In the event that a direct deposit transaction does not post to and settle to your account in each monthly qualification cycle, we reserve the right to close your account.
  • Have at least 10 debit card purchases post and settle per monthly qualification cycle**

Bill Pay is free if used for a minimum of 1 payment per month; otherwise, $5.95 per month. Rates may change and fees may reduce earnings.


*Annual Percentage Yield (APY) accurate as of 3/10/2014. Minimum to open account is $50. When the Most Valuable Checking with Interest monthly qualifications** are met, the qualifying interest rate on your account and corresponding Annual Percentage Yield (APY) will be tiered. If your collected daily balance is $10,000.00 or less, the qualifying interest rate paid on the entire balance will be 1.24% with an APY of 1.25%. A qualified interest rate of 0.35% will be paid only for that portion of your collected daily balance that is greater than $10,000.00. The APY for this tier will range from 0.43% to 1.25%, depending on the balance in the account. 0.05% APY applies to all balances if monthly qualifications are not met. Qualifying transactions MUST post to and settle to your account during the Monthly Qualification Cycle. Transactions may take one or more banking days from the date the transaction was made to post to and settle to an account. ATM transactions and intrabank transfers do not count as qualifying debit card transactions for this account. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transactions. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions.

Limit one account per Tax ID number. May be reported on IRS Form 1099.


**"Monthly Qualification Cycle" means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current Statement Cycle.


***ATM Surcharge Fee Reimbursement (Most Valuable Checking accounts only): If you have met your qualifications during the Monthly Qualification Cycle, we will reimburse you for domestic ATM fees imposed during the Monthly Qualification Cycle by our institution and other U.S. Financial Institutions up to $50.00 per month. Monthly ATM fee reimbursements will be credited to your account on the last day of your Statement Cycle. If the monthly qualifications are not met, no ATM surcharge fees will be reimbursed for that monthly qualification cycle.


ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 and higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the Monthly Qualification Cycle where the reimbursement was applicable.



Most Valuable Saver

BalanceAPY*
All Balances when monthly qualifications are met0.50%
Non-qualifying Rate0.05%

If you meet the simple qualifications for Most Valuable Checking with Interest, you will automatically qualify for Most Valuable Savings.


Rates may change after account is opened. Fees may reduce earnings. Not available as a stand-alone product, must be opened in conjunction with a Most Valuable Checking account.


*Annual Percentage Yield (APY) accurate as of 3/10/2014. Minimum to open Most Valuable Checking account is $50 and $50 for Most Valuable Savings.

Most Valuable Savings rate tiers are as follows: Qualified Rate of 0.50% APY on entire balance if qualifications are met during monthly qualification cycle on Most Valuable Checking. Base Rate of 0.05% APY applies to all balances if monthly qualifications are not met on Most Valuable Checking. When the Most Valuable Checking with Interest monthly qualifications** are met, the qualifying interest rate on your Most Valuable Checking with Interest account and corresponding interest will be tiered. If your collected daily balance is $10,000 or less, the qualifying interest rate paid on the entire balance will be 1.24% with an APY of 1.25%. A qualified interest rate of 0.35% will be paid only for that portion of your collected daily balance that is greater than $10,000.00. The APY for this tier will range from 0.43% to 1.25%, depending on the balance in the account. 0.05% APY applies to all balances if monthly qualifications are not met. The interest earned in Most Valuable Checking is automatically transferred to Most Valuable Savings each monthly statement cycle and does not compound. The actual interest paid for Most Valuable Checking with Interest account may be less than the advertised APY. Most Valuable Savings APYs may be less than Most Valuable Checking with Interest account APYs.

Qualifying transactions MUST post to and settle to the Most Valuable Checking account during the Monthly Qualification Cycle. Transactions may take one or more banking days from the date the transaction was made to post to and settle to an account from the date the transaction is made. ATM transactions and intrabank transfers do not count as qualifying debit card transaction for this account. Debit card transactions processed by merchants and received by the bank as ATM transactions do not count towards qualifying debit card transaction. Only debit card transactions processed by merchants and received by the bank as POS transactions count towards qualifying debit card transactions.

Limit one account per Tax ID number. May be reported on IRS Form 1099.


**Monthly Qualification Cycle means a period beginning one banking day prior to the first day of the current statement cycle through one banking day prior to the close of the current Statement Cycle.


*** If you have met your qualifications during the Monthly Qualification Cycle in your Most Valuable Checking account, we will reimburse you for domestic ATM fees imposed on your Most Valuable Checking account during the Monthly Qualification Cycle by our institution and other U.S. Financial Institutions up to $50.00 per month. Monthly ATM fee reimbursements will be credited to your Most Valuable Checking account on the last day of the Monthly Statement Cycle. If the monthly qualifications are not met, no ATM surcharge fees will be reimbursed for that monthly qualification cycle.

ATM fees of $4.99 or less will be reimbursed up to a maximum of $4.99 per individual transaction. ATM fees of $5.00 and higher will be reimbursed if the appropriate ATM receipt is presented to a representative at one of our branches. If you believe that you have not been reimbursed the correct amount, please contact us. We must hear from you no later than 30 days after the Monthly Qualification Cycle where the reimbursement was applicable. Note: ATM withdrawals do not count as qualifying transactions for purposes of earning rewards within this account.


Most Valuable Checking-with Cash Back customers: ATM fee reimbursements will be credited to your Most Valuable Savings account automatically on the last banking day of the statement cycle.


Most Valuable Checking-with Interest customers: ATM fee reimbursements will be credited to your Most Valuable Checking account on the last day of your monthly statement cycle and then transferred to your Most Valuable Savings account on the next banking day.

Relationship Checking Plus Interest

BalanceAPY*
Up to $4,999.99.01%
$5000.00 to $9,999.99.01%
$10,000.00 to 24,999.99.01%
$25,000.00 and above.05%

To be eligible for this account you must have one or more of the following:

  • $10,000 in combined MVB deposit account balances
  • MVB Mortgage with original principal balance greater than or equal to $50,000
  • MVB Home Equity Line of Credit greater than or equal to $10,000
  • Commercial Loan with original principal balance greater than or equal to $100,000*

*Annual Percentage Yield accurate as of 3/10/14. Minimum balance required to obtain the advertised APY. Rates may change after the account is opened. Account is available to individual guarantors on the commercial loan. This is not a business account. Fees could reduce earnings. Minimum deposit of $50.00 to open the account.

Brokerage Buster

BalanceAPY*
$100,000 and Above.70%
$99,999 - $50,000.40%
$49,999 - $25,000.05%

Variable Rate account-rates may change after the account is opened. APY accurate as of 3/10/14. Minimum balance required to obtain the advertised APY for each tier. Fees may reduce earnings. Minimum deposit of $50.00 to open the account.

For more information on the terms of this account click here.



Certificates of Deposit

TermAPY*
6 Months0.35%


Minimum Balance to obtain APY - $50,000.00

12 Months0.35%


Minimum Balance to obtain APY - $50,000.00

18 Months0.50%


Minimum Balance to obtain APY - $50,000.00

24 Months0.60%


Minimum Balance to obtain APY - $50,000.00

36 Months0.75%


Minimum Balance to obtain APY - $50,000.00

48 Months1.00%


Minimum Balance to obtain APY - $50,000.00

60 Months1.35%


Minimum Balance to obtain APY - $50,000.00


For more information on the terms of this account click here. Rates apply to consumer accounts only. These rates only apply to online applicants.

  • APY for each CD listed above is current as of 3/10/14
  • Minimum deposit to open each CD above is $1,000.00
  • Fees could reduce earnings
  • Penalty may be imposed for early withdrawal
  • 18 Month CD is a variable rate CD and the rate may change after the CD is opened.

IRA Savings

Interest RateAPY*
0.10%0.10%

*APY accurate as of 3/10/14. Rate may change after account is opened. Minimum to open IRA Savings account is $50.00. Minimum balance to earn interest is $0.01. Fees may reduce earnings. Limits and qualifications apply. Consult with a tax advisor to determine eligibility.

*Annual Percentage Yield